Is Pltm a good investment?

PLTM’s prospects are also apparent in its POWR Ratings, which accord it a “Strong Buy” rating. It also has an “A” for Trade Grade, Buy & Hold Grade, and Peer Grade. It is ranked #5 of 36 ETFs in the Precious Metals ETFs group.

Is there a platinum ETF?

The three platinum exchange-traded funds (ETFs) that trade in the United States, ranked by one-year trailing total returns, are PPLT, PLTM, and PGM. These ETFs are backed by either physical platinum or platinum futures contracts.

How do you trade platinums in futures?

You can trade Platinum futures at New York Mercantile Exchange (NYMEX) and Tokyo Commodity Exchange (TOCOM). NYMEX Platinum futures prices are quoted in dollars and cents per ounce and are traded in lot sizes of 50 troy ounces .

Is platinum undervalued?

Platinum is “heavily undervalued compared with its 1-for-1 autocatalyst substitute metal palladium—and against gold.” Platinum, meanwhile, is “heavily undervalued compared with its 1-for-1 autocatalyst substitute metal palladium—and against gold,” he says.

What is the best platinum stock to buy?

Take a deeper dive into platinum stocks

  1. Franco-Nevada Corporation (FNV)
  2. ASA Gold and Precious Metals (ASA)
  3. Tiffany-and-Co (TIF)
  4. Sibanye Stillwater (SBSW)
  5. Wheaton Precious Metals (WPM)

What is a good platinum stock to buy?

Best Platinum Stocks

  • Anglo American Platinum (OTC: ANGPY)
  • Impala Platinum Holdings (OTC: IMPUF)
  • Sibanye Stillwater (NYSE: SBSW)
  • Vale (NYSE: VALE)
  • Platinum Group Metals (AMEX: PLG)

Where can I trade platinum?

The trading of platinum is global, as it is traded from the New York Mercantile Exchange (NYMEX), through the Chicago Board of Trade (eCBOT) and all the way to Asia with the Tokyo Commodity Exchange (TOCOM). The platinum market is open for trading from 22:00 to 20:59 GMT.

How do you trade Pokemon in platinum 2021?

One way to invest in platinum is through the use of a contract for difference (CFD) derivative instrument. CFDs allow investors to speculate on the price of platinum without purchasing assets like bullion, ETFs, futures, options, or mining shares. Learn more about CFDs in our CFD Trading Guide.

Does platinum have a future?

The website estimated that platinum could reach $1,050 an ounce by the end of 2021, $1,231 by the end of 2022, $1,749 at the end of 2025 and average $2,864 an ounce in December 2030.

Why is platinum so cheap 2021?

Platinum Is in a Supply Deficit, Lifting Prices With mining stalled, the global platinum market entered a supply deficit. In other words, demand for platinum is exceeding the available supply of the precious metal. During the first quarter of 2021, demand for the metal rose by 26%.

Is platinum a better investment than gold?

In general, platinum is not a better investment than gold. Gold is more stable, more easily mined, and does not fluctuate in price as much as platinum. And gold’s value is considerably more than platinum.

Who owns the most platinum?

Anglo American Platinum
Global leading platinum producing companies 2019 Anglo American Platinum is the largest platinum producer in the world, with a total production volume of 2.05 million ounces in 2019. The second largest producer that year was Impala Platinum Holdings Ltd., which produced some 1.31 million ounces of platinum.

Who bought pltm stock last quarter?

PLTM stock was sold by a variety of institutional investors in the last quarter, including Flow Traders U.S. LLC, Advisor Group Holdings Inc., and Advisory Services Network LLC. Which major investors are buying GraniteShares Platinum Trust stock?

What is the price of graniteshares platinum Trust (pltm)?

Since then, PLTM shares have increased by 16.4% and is now trading at $9.89. View which stocks have been most impacted by COVID-19. What other stocks do shareholders of GraniteShares Platinum Trust own?

Will covid-19 affect platinum Trust’s stock price?

GraniteShares Platinum Trust’s stock was trading at $8.50 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PLTM shares have increased by 16.4% and is now trading at $9.89.